Retirement plan

SALONCENTRIC INC. 401(K) PLAN

Name: SALONCENTRIC INC. - SALONCENTRIC INC. 401(K) PLAN (2016) Form 5500
Creator: SALONCENTRIC INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SALONCENTRIC INC. 401(K) PLAN, SALONCENTRIC INC.

SALONCENTRIC INC.EIN 91-2062018Plan #001PY 2016

50 CONNELL DRIVE - BERKELEY HEIGHTS, NJ 07922908-673-3498

Prospect flagsLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$78.8M

+8.3% from 2015

Total participants

4,327

+4.7% from 2015

Average account balance

$46,596

+2.4% from 2015

Annual return

6.89%

+6.93 pp from 2015

Benchmarks

See 241 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort241 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$167.44M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$90K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,858

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

35.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.68%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$49

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC2+ years Filed as: CAPTRUST ADVISORS LLC Service code 16 P.O. BOX 600071 · RALEIGH, NC 27675	Consulting	$46,455
BDO USA, LLP1 year Service code 10 P.O. BOX 642743 · PITTSBURGH, PA 15264	Accounting	$38,455
T ROWE PRICE RPS INC2+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$9,107

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3F3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$96K

$24 / participant

Investment mgmt$46K48.4%
Other / not subdivided$50K51.6%

% of EOY assets

0.122%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,596

$61,125-23.8%

$108,582-57.1%

$63,975-27.2%

Participation rate

33.6%

80.5%-46.9pp

79.6%-46.0pp

71.1%-37.5pp

Annual return

6.89%

14.06%-7.2pp

-51.70%+58.6pp

48.65%-41.8pp

Employer contribution / active EE

$765

$2,237-65.8%

$3,758-79.6%

$2,182-64.9%

Participant deferral / active EE

$1,378

$3,574-61.4%

$4,311-68.0%

$3,356-58.9%

Admin fee / account holder

$57

$72-21.0%

$7,645-99.3%

$70-19.4%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC2+ years

Filed as: CAPTRUST ADVISORS LLC

Service code 16

P.O. BOX 600071 · RALEIGH, NC 27675

Consulting

$46,455

BDO USA, LLP1 year

Service code 10

P.O. BOX 642743 · PITTSBURGH, PA 15264

Accounting

$38,455

T ROWE PRICE RPS INC2+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$9,107

SALONCENTRIC INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SALONCENTRIC INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion